Forage Seed Market To Expand 8.50% CAGR Opportunity Analysis and Industry Forecast, 2016-2023 During 2016 to 2022 Global Opportunity Analysis and Industry Forecast, 2016-2023
Pages: 110 Tables: 80 Charts: 40
FORAGE SEED MARKET
Forage Seed Market Report, published by Allied Market Research, forecasts that the global market was valued at $11,683 million in 2015 and is projected to reach $20,646 million by 2022, growing at a CAGR of 8.50% from 2016 to 2022. In 2015, the alfalfa product segment held approximately more than one-fourth of the total market. Forage seeds are the edible parts of plants widely utilized for livestock feeding. Alfalfa, clover, chicory, ryegrass, lablab, and fescue are some of the popular forage seeds in the global market. They are available at low price compared to other feeds, such as wheat bran and oil seed. These forage seeds are supplied to seed cultivators and conditioners for further processing and conditioning to get purified seeds with increased level of protein and energy.
FORAGE SEED MARKET
The demand for forage seed is majorly driven by its high nutrient content, which helps to improve lactation, reproduction, and health of livestock. In addition, forage seeds are widely used to enhance milk production globally. Economic benefits with cultivating forage seeds, which include improving soil health and business flexibility, are further expected to drive the forage seed market. Irregular seed germination cycle, lack of favorable government policies for cereal crops, and insufficient funding in forage research is expected to hamper the market. Forage seed production does not involve addition of synthetic fertilizers and pesticides for forage crop growth and protection. The meat of the animals that are fed on forage is healthier and helps avoid obesity, cholesterol, cancer, fats, and hypertension. Thus, the rise in demand for organic meat to maintain a healthy lifestyle creates future opportunities for the forage seed market.
FORAGE SEED MARKET
The alfalfa seed segment accounted for the highest share in the global forage seed market in 2015. The demand for alfalfa is on an increase due to its use to cure cholesterol, asthma, osteoarthritis, rheumatoid arthritis, diabetes, upset stomach, and thrombocytopenic purpura. It is also a rich source of vitamins A, C, E, and K4 and minerals such as calcium, potassium, phosphorous, and iron. This increases the opportunities for alfalfa market during the forecast period. Download PDF Sample Copy: https://www.alliedmarketresearch.com/request-sample/1900 North America is projected to maintain its lead position throughout 2022 and grow at a CAGR of 7.58%, in terms of revenue. Poultry livestock segment occupied the highest share of the total market in 2015 and is anticipated to grow at a CAGR of 9.25% from 2016 to 2022. Asia-Pacific is anticipated to be the fastest growing region with a CAGR of 10.11% during the forecast period.
FORAGE SEED MARKET
Key Benefits for Stakeholders • This report provides the quantitative analysis of the current market and estimations through 2014-2022, which assists in identifying the prevailing market opportunities. • This report provides an extensive analysis of the current and emerging market trends and dynamics in the global forage seed market. • Geographically, the global forage seed market is analyzed based on various regions such as North America, Europe, AsiaPacific, and LAMEA. • An in-depth analysis of the current research and clinical developments within the global forage seed market is provided with key market dynamic factors that help understand the behavior of the market.
FORAGE SEED MARKET
By Product Type • Clover • Chicory • Ryegrass • Alfalfa • Others
FORAGE SEED MARKET
By Livestock • Cattle • Swine • Poultry • Others
FORAGE SEED MARKET
The major players operating in the global forage seed market are Allied Seed, LLC., Brett Young, BASF SE, Dynamic Seeds Ltd., Central Garden & Pet Company, Barenbrug Seed Company, Northstar Seed Ltd., Hancock Farm & Seed Co. Inc., Fosters Seed and Feed Ltd., and Dow AgroSciences, LLC. For Purchase Enquiry: https://www.alliedmarketresearch.com/purchase-enquiry/1900
FORAGE SEED MARKET Contact: David Correa 5933 NE Win Sivers Drive #205, Portland, OR 97220 United States Toll Free (USA/Canada): +1-800-792-5285, +1-503-894-6022, +1-503-446-1141 UK: +44-845-528-1300 Hong Kong: +852-301-84916 India (Pune): +91-20-66346060 Fax: +1⟨855⟩550-5975 help@alliedmarketresearch.com Web: https://www.alliedmarketresearch.com
FORAGE SEED MARKET
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